JAPAN

Japan Finalises Stewardship Code

By Samuel Riding | 31/05/2017

Final version of non-legally binding code includes several new principles for institutional investors.

AML / KYC

Japan FSA Anticipates ‘C2B’ Banking System

By Samuel Riding | 31/05/2017

Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.

Market Infrastructure

Japan Passes HFT Legislation

By Samuel Riding | 23/05/2017

Offshore HFTs must have offices in Japan; all must register with regulator, disclose risk management practices.

Securities / Derivatives

US Regulator Charges Nomura Traders with Fraud

By Samuel Riding | 22/05/2017

Traders alleged to have made extra $750,000 in profit and boosted bonuses while deliberately lying to customers.

Capital / Liquidity

Japan’s Big 3 Banking Groups to Issue $84bn in TLAC Bonds – Moody’s

By Samuel Riding | 05/04/2017

Bonds will meet requirement that TLAC instruments be equivalent to at least 18% of RWA.

Japan Regulator Cites Broker for Spoofing

By Samuel Riding | 20/03/2017

Regulator says Virgin-islands registered broker manipulated four stocks.

Market Infrastructure

Updated – Japan, UK Regulators Agree Fintech Referrals

By Samuel Riding | 10/03/2017

JFSA also eyes cross-border rule making on blockchain.

Capital / Liquidity

Japan to Audit Regional Banks’ Foreign Debt Exposure

By Samuel Riding | 09/03/2017

Probe will also look at senior management involvement in decisions of asset management units.

Japan FSA to Confirm VM Exemptions

By Samuel Riding | 01/03/2017

Banks will not have to post VM in transactions with jurisdictions which have no margin rules or have granted forbearance.